Cost of Living in Memphis, TN
Population: 629,063 | Tennessee
79
Cost of Living Index
US Average = 100
Memphis is 21% less expensive than the national average.
85
Housing
52
Home Values
92
Regional Price
Income
- Median Household Income
- $51,211
- vs US Median ($75,149)
- -32%
Housing
- Median Rent
- $1,123/mo
- Median Home Value
- $157,100
- Median Monthly Housing Cost
- $1,087/mo
Everyday Prices in Memphis
BLS Average Prices for the Memphis, TN-MS-AR (Metropolitan Statistical Area) area
⛽
$2.89
Gasoline (regular)
per gallon
-6% vs US
🥚
$2.36
Eggs (grade A, large)
per dozen
-6% vs US
🥛
$3.80
Milk (whole)
per gallon
-6% vs US
🍞
$1.75
Bread (white)
per lb
-6% vs US
🍗
$3.91
Chicken breast
per lb
-6% vs US
⚡
$0.15
Electricity
per kWh
-23% vs US